Southwest Airlines, Norfolk Southern and 3 Transportation Stocks With Drops: LUV, NSC, CHRW, JBHT, WAB

Through most of the trading day on Thursday, September 22, 2011, these stocks are bringing down the Transportation (NYSE:IYT) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Norfolk Southern Corporation (NYSE:NSC) is among the price losers in the sector. Its shares are trading at $61.30, which is 80 cents (-1%) below the previous close of $61.93. Norfolk Southern Corp. is engaged in rail transportation of raw materials, intermediate products, and finished goods.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $8.46 (-11.1%) from $76 to $67.54. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 17, 2011 when shares rose for 11 straight trading days, rising 7.2% (+$4.32). It saw one of its worst periods between July 28, 2011 and August 4, 2011 when shares fell for six straight trading days, falling 9.5% (-$7.20).

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) stocks are trading at $65.07. This is $1.49 (-2.1%) below the previous close of $66.46, making the company one of the biggest price losers in the sector today. CH Robinson Worldwide, Inc. is a third party logistics company which provides freight transportation and logistics solutions to a variety of clients.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $11.74 (-14.5%) from $80.88 to $69.14. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 4, 2011 when shares rose for nine straight trading days, rising 5.9% (+$4.19). It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven straight trading days, falling 13.3% (-$10.76).

Shares of Southwest Airlines Co. (NYSE:LUV) are trading at $8.02, down 27 cents (-3.4%) from the previous close of $8.30. Southwest Airlines Co. is a passenger airline that provides air transportation in the United States.

Stock Price Performance: From June 24, 2011, to September 20, 2011, the stock price had fallen $2.86 (-25.2%) from $11.35 to $8.49. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 11, 2011 when shares rose for eight straight trading days, rising 7.1% (+82 cents). It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight trading days, falling 7.5% (-79 cents).

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is one of the sector losers in price. Its shares are trading at $35.68, down 48 cents (-0.8%) from the previous close of $35.98. J.B. Hunt Transport Services, Inc is the wholesale distributor of specialty technology products, providing value-added distribution sales to resellers in the specialty technology markets.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $9.18 (-19.5%) from $47.15 to $37.97. The stock price saw one of its best stretches over the last year between March 23, 2011 and March 31, 2011 when shares rose for seven straight trading days, rising 5.8% (+$2.49). It saw one of its worst periods between August 12, 2011 and August 19, 2011 when shares fell for six straight trading days, falling 10.6% (-$4.38).

Wabtec Corporate (NYSE:WAB) is among the price losers in the sector as its stock price is $53.63, down $1.77 (-2.8%) from the previous close of $55.19. Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the global rail industry.It primarily serves the worldwide freight rail and passenger transit industries.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $9.21 (-13.7%) from $67.12 to $57.91. The stock price saw one of its best stretches over the last year between July 14, 2011 and July 26, 2011 when shares rose for nine straight trading days, rising 8.4% (+$5.24). It saw one of its worst periods between November 5, 2010 and November 16, 2010 when shares fell for eight straight trading days, falling 5% (-$2.42).

 

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